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re: how long will it be until people are forbidden to drive?
Posted on 12/30/15 at 7:38 am to Asgard Device
Posted on 12/30/15 at 7:38 am to Asgard Device
quote:
Car salesman?
Uber driver
Posted on 12/30/15 at 7:49 am to lynxcat
(no message)
This post was edited on 12/30/15 at 7:50 am
Posted on 12/30/15 at 8:46 am to ksayetiger
quote:
I would drive in the black market
I do that now sometimes, but I do get worried about being carjacked when in those parts of town.
Posted on 12/30/15 at 9:58 am to prplhze2000
Not just possible but likely. It could very likely drive down occurrences which means fewer claims paid. But don't look for any corresponding premium price drop though.
Bottom line-you'll be forced to pay more for a computer car, pay same premiums, insurance companies profit.
Bottom line-you'll be forced to pay more for a computer car, pay same premiums, insurance companies profit.
Posted on 12/30/15 at 11:20 am to Pax Regis
That's not how economics works. If the premiums are too high and payouts are too low then a new entry will disrupt the market and force premiums lower.
Posted on 12/30/15 at 11:32 am to sullivanct19a
quote:
Google is the devil and is full of shite.
Damn, did google frick your momma?
Posted on 12/30/15 at 11:44 am to lynxcat
quote:
That's not how economics works. If the premiums are too high and payouts are too low then a new entry will disrupt the market and force premiums lower.
That's not how insurance works. Drivers get fleeced because of monopolistic laws that inhibit new market entrants.
Posted on 12/30/15 at 2:13 pm to Pax Regis
quote:
That's not how insurance works. Drivers get fleeced because of monopolistic laws that inhibit new market entrants.
No, there are plenty of small, local insurers that do not scale the scale of Allstate, GEICO, State Farm, etc. but most choose to go with the big guys because they believe there are benefits of those insurers over other options.
Posted on 12/30/15 at 3:24 pm to TigerFanInSouthland
quote:
Insurance companies stand to lose too much money if this happened. I don't think it will.
Driverless cars will still need to be insured, at the current rate you pay for auto insurance. If you want to still drive a car, well, that will be an additional premium. Insurance companies will still get their money.
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